Tagged PTGI

(Market Cap $49M) January 14, 2014 PTGi Holding, Inc. 460 Herndon Parkway Suite 150 Herndon, VA 20170 Attention: Board of Directors Gentlemen: As of the date hereof, DG Capital Management, LLC owns 1,028,591 shares of the common stock of PTGi Holding, Inc. (the “Company”), which makes us one of the three largest shareholders…

Primus Telecommunications Group, Incorporated, a wholesale service provider to fixed and mobile network operators worldwide, announced today that its Board of Directors has approved a special cash dividend of $8.50 per share on all issued and outstanding PTGi common stock. The special cash dividend will be paid on August 27, 2013 to holders of record of…

(Market Cap $167 million) Primus Telecommunications Group, Incorporated has completed the initial closing of its previously announced sale of its North American retail telecommunications operations in the United States and Canada to affiliates of York Capital Management. The initial transaction generated gross proceeds prior to transaction expenses of $126 million. $15.25 million of the gross…

Primus Telecommunications Group, Incorporated has completed the exchange of $79,702,709 aggregate principal amount of its 10.00% Senior Secured Notes due 2017 for $86,875,955 aggregate principal amount of its newly-issued 10.00% Senior Secured Exchange Notes due 2017, together with accrued but unpaid interest on the exchanged 10% Notes for the period from October 15, 2012 to…

Primus Telecommunications Group has approved a special cash dividend of $1.00 per share on all issued and outstanding PTGi common stock. The special cash dividend will be paid on July 16, 2012 to holders of record of PTGi common stock as of July 2, 2012. In addition, PTGi announced the commencement of an offer to…

Primus Telecommunications Group, which emerged from Chapter 11 in July 2009 (http://specialsituationsmonitor.com/wp-content/uploads/PMUG-Report1.pdf) announced this morning that it it has entered into a definitive agreement to sell its Australian operations to M2 Telecommunications Group Ltd (M2) for approximately $AUD 192.4 million, or approximately $US 200 million. This sale is a result of a strategic review initiated in October…

(Primus has a market cap of $138 mm and and an EV of $326 mm; see earlier alerts published between 7/15/11 and 10/4/10) MCLEAN, VA–(Marketwire -10/04/11)- Primus Telecommunications Group, Incorporated (PTGi) (NYSE: PTGI – News), a global facilities-based integrated provider of advanced telecommunications products and services, announced today that a special committee of its Board of…

MCLEAN, VA — (MARKET WIRE) — 02/25/11 — Primus Telecommunications Group, Incorporated (PMUG:$15.45,00$0.20,001.31%) , a global facilities-based integrated provider of advanced telecommunications products and services, announced the results of its special meeting of stockholders held earlier today. Primus’ stockholders voted to approve the issuance of shares of Primus common stock in connection with the company’s…

Primus Telecommunications Group, Incorporated (OTC.BB:PMUG) has entered into a definitive merger agreement to acquire Arbinet Corporation (NASDAQ:ARBX), a provider of wholesale telecom exchange services to carriers, for $28 million in an all-stock transaction. The Boards of Directors of both companies have approved the merger, which is subject to regulatory approvals, the approval of the stockholders…

Hat Tip to the Board of Directors who have taken the right steps to create value…========================================================================================== (Report Dated July 21, 2009) Anyone remember post-bankruptcy stocks? Here is one fresh off the press with a potential for 100%-200% return. Primus Telecom emerged from a prepackaged bankruptcy on July 1, 2009. During reorganization, which lasted a mere…

October 13, 2010 Primus Telecommunications Group has named independent director Peter D. Aquino, 49, Chairman, President and Chief Executive Officer effective October 12, 2010, succeeding Acting Chief Executive Officer John B. Spirtos, who will remain on Primus’ board. The board of directors continues to conduct a search for a new CFO. Mr. Aquino most recently…

ATLANTA, GA and HUNTSVILLE, AL – October 1, 2010 — EarthLink, Inc. (NASDAQ: ELNK), one of the nation’s leading Internet service providers, and ITC^DeltaCom, Inc. (OTC: ITCD.OB), a leading provider of integrated communications services to customers in the southeastern United States, today announced a definitive merger agreement under which EarthLink will acquire ITC^DeltaCom (Deltacom) for…

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